Economic News Blog
Posted by: Steven Kline, Jr. 1. December 2015

Income Grows at Fastest Rate since January

October real disposable income was $12,394 billion dollars (seasonally adjusted at an annual rate). This was an all-time high for real disposable income. In October, disposable income grew 3.9 percent compared with one year ago. This was the fastest rate of month-over-month growth since January. The growth rate has accelerated since March. In addition, previous months' income was revised higher. The annual rate of change accelerated to 3.7 percent, which was the fastest rate of growth since January 2007. 

Real disposable income is one of the earliest leading indicators for the following end markets: aerospaceconstruction materialscustom processorselectronics/computers/telecommunications equipmentfood/beverage processingforming/fabricating (non-auto)hardwareHVACindustrial motors/hydraulics/mechanical componentsmachinery/equipment manufacturingmetalcutting job shopsoil/gas field/mining machinerypower generationprimary metals; and printing.

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